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Are you allowed to keep money which your bank has put into your account accidentally?
Wiki User
∙ 15y ago
No. Clerical errors are still errors. To attempt to keep the funds could make you criminally liable. Certainly it will make you civily liable.
Wiki User
∙ 15y ago
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Do bank replace money if the money had accidentally burned?
yes
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
Can you keep money that is accidentally deposited in your account?
If money is put into your account by mistake and you notice this, you should tell the bank. It is not your money and you can not keep it. However, if you genuinely do not notice and happen to spend some of this money, you could make a case to the bank that you have acted in good faith and that you would suffer hardship in repaying the sum. As it will have been the banks mistake in placing the money in your account they may write off the amount....but this is not certain.
What is the Money placed in a bank?
Money placed in a bank account
What does relationship bank account mean?
A relationship bank account does not use money...
Is it legal for a bank to withdraw funds from an active account to satisfy a closed account that went delinquent due to theft?
If you owe a bank money and you have other accts with that bank they are allowed to take the money to satisfy the overdaft/delinquent fees that you may have.
Do bank replace money if the money had accidentally burned?
yes
How do you put money on an account?
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
When were woman allowed to have a bank account in the US?
To the best of my knowledge women have never not been allowed to have a bank account in the US.
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
Who owns your money in a bank account you or the bank?
The person whose name is on the account owns the money. The bank holds it for them.
Can you keep money that is accidentally deposited in your account?
If money is put into your account by mistake and you notice this, you should tell the bank. It is not your money and you can not keep it. However, if you genuinely do not notice and happen to spend some of this money, you could make a case to the bank that you have acted in good faith and that you would suffer hardship in repaying the sum. As it will have been the banks mistake in placing the money in your account they may write off the amount....but this is not certain.
What is withdrawal of bank account?
taking out money from your bank account because you want to use the money.
What if someone pays money into your account that is fraudulentare you responsible to pay it backis the bank allowed to hold on to your money?
Yes. You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
What is the Money placed in a bank?
Money placed in a bank account
How does a personal bank account work?
you have to have money then you must put it into a bank then you have a bank account.
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
